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the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any moment to sit down with the president to get serious about solving this problem. >> of course the speaker had to clarify that since the house is not back in session till tuesday. leaving just three days on the legislative calendar to get a deal. don't work too hard, guys. the president began his day meeting with business leaders a suring them he passionately roots for their success. even as he broke the news face to face that their taxes are going up. >>. >> let's allow higher rates to go up for the top 2%, that includes all of you, yes. but not in in way that will affect your spending, lifestyles or the econo
the president is john boehner are facing off for what couldçe a down to the wire nail-biter of a fiscal fight. indeed, the stakes are so high, the pressure so intense, that the house is calling it quits for the week. giving themselves another much deserved break. of course, not before demanding action from the president. >> where are the specifics? where are the discussions? nothing is going on, so we asked the president, sit down with us. >> i'll be here, i'll be available at any...
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speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which, by the way, we have never done it in our history until we did it last year, i will not play that game. >> sorry speaker boehner. find someone else to play economic game with. the president isn't interested. he's done with their gimmicks. he's done with their ploys. he's done with the argument that they are the serious ones in this whole debate. >> so we ask the president, sit down with us, be serious about the specifics of spending. >> and i'll be available at any moment to sit down with the president to get serious abou
speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç to people here. we are not going to play that game next year. in congress in any way suggests that they are going to tie negotiations to debt ceiling votes and take us to the brink...
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boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> a rare senate appearance, by former majority leader bob dole wasn't enough to win over republican support for a treaty promising equal rights for people with disabilities. we'll talk with the leading sponsor john kerry about what he called one of the sadsest days of his long senate career. >> this vote is to test whether the senate will stand up for those who cannot see or hear and whether senators can hear the truth and see the facts. >> at nato today, secretary of state hillary clinton bids farewell and voices a warning about securing syria's chemical weapons. >> our concerns that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> and road to 2016, congressman paul ryan and senator marco
boehner is ready for a sit down with the president. >> we can't sit here and negotiate with ourselves and if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> a rare senate appearance, by former majority leader bob dole wasn't enough to win over republican support for a treaty promising equal rights for people with disabilities. we'll talk with the leading...
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boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within the republican conference could have, is now aligned with wehner completely. strengths his hand. he's the sole negotiate, whatever he gets from president obama will be the rule of law. and i think what's really emboldened boehner, ironically, mitt romney's loss. it's this idea that john boehner's survived, he's the one who came through. we were able to keep the house. he does get a lot of credit for that among house republican circles, they were able to keep the house. people think -- >> he raised something like 100 million dollars. >> he's the kingmak
boehner's emboldened by that support. but also you know i think they've been swashbuckling insofar as keeping the raucous members or purging them from committee chairs. >> there's definitely been a new message which is that john boehner's the boss and we're not going to deal with insubordination. if you look at that offer, people are saying it's boehner's offer. it's signed by eric cantor. >> and paul wrien. >>> and paul ryan. any leader who the rebels, shall we say, within...
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boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with himself and not facing the reality that he doesn't really have a lot of leverage. >> indeed. jared, speaking of the details themselves, speaker boehner is saying that his is a serious offer that produces sufficient revenue and savings for the next decade. you're an economist, does it? do his numbers really add up? >> well, no, they don't add up because they lack any level of specificity that you would need to even write them down and put a plus sign next to them so see if they'd add up. he did the same -- >> hang on a second though. he said he stuck $800 billion in revenu
boehner will be glad to see the end of mr. demint. >> i'm sure he will. i think it represents the weakens of the tea party within congress. jim demint is a movement conservative. we have certainly not seen nor heard the last of him. he will find other ways to create headaches for both boehner and mcconnell, but i agree with david. most importantly, it may be a slight relief from the headache for john boehner, but he's still got a big challenge in that he is negotiating at this point with...
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john boehner is just -- he's trying to triangulate here a little bit. and he's trying to bring his conference along. he is begging the white house to show him a path out. and the white house is sitting there going why do we do you any favors? you can understand the politics of it going why? why should do i you a favor, you did me no favors but at some point somebody is going to have to say okay, uncle, let's do this over here. >> the polling that you guys and the journal had would indicate that the public wants to get a deal done but as we know, there was that great jonathan weisman piece in the "times" this week that pointed out half the republican conference in the house was re-elected with 55% of the vote. the pointing being the political leverage with those members of congress come from the primary, not from the general election and that's what drives it. >> it is splitting the party. the guys that are statewide office holders are going to the house republicans you're killing party as a national -- and they are. if they're not careful, they are. >>
john boehner is just -- he's trying to triangulate here a little bit. and he's trying to bring his conference along. he is begging the white house to show him a path out. and the white house is sitting there going why do we do you any favors? you can understand the politics of it going why? why should do i you a favor, you did me no favors but at some point somebody is going to have to say okay, uncle, let's do this over here. >> the polling that you guys and the journal had would...
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the call unlike the night when president obama called john boehner on election day and john boehner didn't answer his call. i think that you have to have both parties willing to engage with each other and talk to each other. looking back at the 1980s, for example, when ronald reagan was president and tip o'neill was speaker of the house, they didn't agree but they sit down and talk and negotiate and compromise and today's republican party so hijacked by the right wing they're incapable of agreement. >> let's put aside the right wing here. we know that speaker boehner purged some of those seen as not being team players within his own party and we'll discuss the fact he's taken a hit for that. beyond the right wing or whatever you have numbers. you have exit polling. you have pew research poll that shows where the american people stand. if all of the people are there to represent us, meaning the people who are watching right now and the panel included here, we are all americans, we pay taxes, then why isn't this work getting done? >> well, just look at speaker boehner's fiscal cliff p
the call unlike the night when president obama called john boehner on election day and john boehner didn't answer his call. i think that you have to have both parties willing to engage with each other and talk to each other. looking back at the 1980s, for example, when ronald reagan was president and tip o'neill was speaker of the house, they didn't agree but they sit down and talk and negotiate and compromise and today's republican party so hijacked by the right wing they're incapable of...
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they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they w
they are part of boehner's strategy team? in the meantime, the white house is hitting back at boehner and the gop tactics. >> a question of whether or not we have specific spending cuts, the answer is we have. i understand they may not agree with all of it. but it exists. >> i'm joined by illinois congresswoman january schakowsky joining us tonight. congresswoman, good to have you with us. >> thanks, ed. >> harry reid now says it's going to be awful hard to reach a deal...
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like this where you have mutual respect, and as you know, the main partners are himself and speaker boehner. i think the fact that they met yesterday is a very encouraging sign. i have faith that they will be able to get this done. and i quo it's the right thing for america to reach a deal to work together, to be willing to compromise, and do what is right for the people instead of a party first. that's what america wants. >> governor, thank you very much for your time. i appreciate it. >> piers, my pleasure. thank you. >>> coming up next, the stories america is talking about. more nfl tragedy, a navy s.e.a.l. killed. a powerhouse panel back with that and more. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two y
like this where you have mutual respect, and as you know, the main partners are himself and speaker boehner. i think the fact that they met yesterday is a very encouraging sign. i have faith that they will be able to get this done. and i quo it's the right thing for america to reach a deal to work together, to be willing to compromise, and do what is right for the people instead of a party first. that's what america wants. >> governor, thank you very much for your time. i appreciate it....
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boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner is trying to warn conservatives about going against any kind of deal he cuts with the white house. so as a warning, boehner is saying i'm going to boot you off your committee if you go against something i do. a lot of conservatives don't like it when he plays hardball. they're going to continue to fight back just like senator demint is doing right now. >> but he's also going to lose some votes on the moderate side. a couple dozen republican house members signed a bipartisan letter that says let's look at all kinds of tax rates, not just the deduction, but tax rates in r
boehner i think is trying to rise above partisanship and get a deal. i think he's been very valiant. but sit going to take a toll on the gop internally? >> larry, i was at a very prominent conservative meeting in washington today, and you know who showed up? a congressman from kansas. he was booted off of his committee earlier today and he was very angry talking to conservative activists. here's why conservatives are angry. as this fiscal cliff negotiations continues, they think boehner...
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boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just talking about, according to the congressional budget office, that's going to be about 200,000 american families are going to be out of work next year and that's the low estimate. young is estimating about 700,000 more unemployed. that's a lot of hurt for the middle class, so this is a battle for the middle class even when we're talk iing about that upper bracket because of the enormous impact that has on small business job creators. >> okay. i mean, aside from that argument though, i'm really trying to just get at the process here. it seems that there isn't that mu
boehner's trying to mitigate that mess. i wish him luck. something's going to f to have to give. >> from everything i've heard is that we are realistically, there's two options for country. one, go over the cliff. the other, extend the bush tax cuts for the 98% of americans. everyone who makes under $200,000 a year if they're single. those seem to be the two choices. between those, which do you pick? >> but, if we do that and raise the taxes on those small businesses we were just...
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senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced two decades ago? >> it's similar in terms of the issues, the positions of the parties have been that way for a long time. it's different in several respects. first, when i was there, it was the president who had made the no tax pledge. president bush the first, as you'll recall, made a very famous no tax pledge which he eventually backed off of. in this case, it's the congress. the republicans of the congress specifically, who have made the tax pledge, and the president who is trying to get them to break it. secondly, the numbers are very much reflecting the passage of time. we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity,
senator mitchell, you more or less have been in john boehner's shoes. you were a congressional leader hammering out a tax and spending cut deal with the president of the opposing party. how is what we're seeing now different than what you experienced two decades ago? >> it's similar in terms of the issues, the positions of the parties have been that way for a long time. it's different in several respects. first, when i was there, it was the president who had made the no tax pledge....
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. >>> we don't know what john boehner said to the president on the phone today, but we do know that boehner is finally admitting defeat on one thing. the rich will have to pay more. >> the next 72 hours are critical. >> will republicans cry uncle? both sides are still locked in a stalemate. >> there's plenty of hot rhetoric to go around. >> both sides are coming out swinging. . >> raising tax rates will hurt the economy. >> i will not play that game. >> president obama standing his ground. >> i will not play that game. >> he's not willing to play that game. >> playing the smackdown. >> i think the president has boxed the republicans in. >> i know we have it to raise revenue. >> is he the only republican? >> i don't care how we do it. >> raising tax rates hurt the economy. >> let's just go over the [ bleep ] cliff. >> if they do not make this deal on tax rates for the top 2%, then they're going away. >> i just hope this doesn't become a game of chicken. >> i will not play that game. >> it goes into february and march. >> public opinion is on their side. >> when we have to raise the debt ceil
. >>> we don't know what john boehner said to the president on the phone today, but we do know that boehner is finally admitting defeat on one thing. the rich will have to pay more. >> the next 72 hours are critical. >> will republicans cry uncle? both sides are still locked in a stalemate. >> there's plenty of hot rhetoric to go around. >> both sides are coming out swinging. . >> raising tax rates will hurt the economy. >> i will not play that game....
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how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're not saying much, there must be progress, but we still have a fundamental divide here. the president says rates have to go up. he doesn't want to trade the debt ceiling for anything. he thinks that should be separate. and boehner put out a proposal saying we'll raise invest knews but we're going to lower rates. won't specify, as you noted earlier. there seems to be in the staff level at least not much progress, any progress, being made. i have to believe the fundamental dynamic is still the same, that boehner is going to have a hard time convincing more than half of his caucus, even half of his caucus, to support something that really gives the president a lot in terms of revenue cuts and doesn't
how far does the president have to go to give boehner something that helps boehner go to his caucus and say let's just do our deal. >> you want someone to be singing "i'll be home for christmas." >> there you go. >> first, it's nice to see you in d.c. >> it's a great pleasure. >> we have this little bubble of optimism in the conventional media the past few days. although they're talking, they're not saying much, there must be progress, but we still have a...
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boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not going to be enough. you got to go the rates. once you do the rates, everything else might fall in place because do i think the white house will negotiate. >> i want to go over the stakes of all of this just for the average american family, if we do go over the cliff, about 90% of households would end up paying almost $3,500 more in taxes and one in five action pai -- taxpayers would have to pay the alternative minimum tax, which would mean an increase of $3,700 more of what you already know and those on unemployment i
boehner knows this. this is why boehner is now coming to the table saying, all right, we can't do the cliff thing, we'll get the political hit for it and we'll also be in a bad negotiating position. but he has to identify where the money's coming from. and it's got to be rates. i get a sense in washington that the democrats have drawn the line in the sand on rates. if you can't get rates, you can't get anything else. boehner's going to come out and identify a bunch of deductions. that's not...
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boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would expect i will again and try and persuade others. just to be clear, i'm not for raising taxes on anybody. i think it's a mistake. i think all republicans believe that. however, you have to recognize the reality that at the end of the month, tax rates for every american that pays income tax are going to go up. so there is an area that we do agree with the president on. that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in p
boehner said no way. and then tom cole said boehner should not offer a counterproposal to the fiscal cliff deal the president presented. boehner offered a proposal yesterday. i asked cole if he's frustrated with john boehner. >> no, not in the least. look, i support the speaker. and we're actually not very far apart on anything. and, you know, at the end of the day, he's going to negotiate a deal. it will probably be a challenging vote for a lot of people. i always support him. i would...
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does he side with john boehner? because they are certainly going to have to make concessions on tax rates. and what does that mean for him? how does that box him in for 2016? >> tea party too? >> there are 30 republican governors. there is a huge base of competency building out there. and if the president's not careful, by 2014, five or six of those state capitals are going to look a lot more competent than washington, d.c. and so there's a real -- and these are people who are winning elections, broad-based coalitions. christie is an example. but although he didn't do all that well in this last round, rick perry is another example. rick perry is a smart guy. it's the second biggest state. he is eagerly awaiting californians migrating to texas in large numbers, which they would. >> because of the tax rate? >> the tax rate of california is one of the great opportunities of texas and florida of all time, and they'll both take advantage of it. you're going to see a very different republican party. it's not just going to
does he side with john boehner? because they are certainly going to have to make concessions on tax rates. and what does that mean for him? how does that box him in for 2016? >> tea party too? >> there are 30 republican governors. there is a huge base of competency building out there. and if the president's not careful, by 2014, five or six of those state capitals are going to look a lot more competent than washington, d.c. and so there's a real -- and these are people who are...
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>>> president and speaker boehner agreed that loose lips sink ships until today. it is tuesday, december 11th, and this is "now." >>> joining us today political analyst and washington bureau chief for more jones david korn and communications director and an msnbc political analyst karen finish where i politico executive editor jim van dehigh, and chief national correspondent for the morning times magazine mark rubavich. >>> over at the white house president obama has no public events scheduled. meanwhile, over in michigan thousands of union members and supporters are protesting at the state capitol building in lancing. the state, which is the heart of the united autoworkers and ground zero for union rights is poised to sign a major anti-labor bill into law today. the president weighed in on that, speaking yesterday in redford. >> these right to work clause, they don't have anything with economics. they have everything to do with politics. what they're really talking about is giving you the right to work for less money. america is not going to compete based on low
>>> president and speaker boehner agreed that loose lips sink ships until today. it is tuesday, december 11th, and this is "now." >>> joining us today political analyst and washington bureau chief for more jones david korn and communications director and an msnbc political analyst karen finish where i politico executive editor jim van dehigh, and chief national correspondent for the morning times magazine mark rubavich. >>> over at the white house president...
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rejected boehner's deal. it's hard to see how boehner will get a different outcome this time around. eric cantor looking right over his shoulder. you could make the argument that cantor is the big player who is not in the room. because if boehner does a deal with the president and goes back and tries to get the republicans to vote for it in the house and cantor says no, where are we? the president, you have to give him credit, calm, cool, collected, holding the line and remembering what this election is all about. get your cell phones out. i want to know what you think. tonight's question. will republicans punish speaker boehner for trying to work with the president? text a for yes, b to no to 622639. you can always go to our blog and leave a comment. we'll bring the results later on in the show. joining me tonight is congressman emanuel cleaver from missouri. congressman, great to have you with us. >> good to be with you. >> you bet. i would like to talk about the congressional black caucus if i could. they
rejected boehner's deal. it's hard to see how boehner will get a different outcome this time around. eric cantor looking right over his shoulder. you could make the argument that cantor is the big player who is not in the room. because if boehner does a deal with the president and goes back and tries to get the republicans to vote for it in the house and cantor says no, where are we? the president, you have to give him credit, calm, cool, collected, holding the line and remembering what this...
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone
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president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this afternoon president obama's fiscal photo-op off the day takes him to the suburban home of a middle class families in virginia, one of the thousands who responded to the
president obama and house speaker john boehner finally on speaking terms. but the question is are they speaking each other's language yet when it comes to the fiscal cliff? with just 26 days to go before the country officially goes over the edge, there are reports a growing course of republicans are pressuring house leaders to cave on tax hikes for the wealthy, this following president obama and speaker boehner's first phone call in days with both sides staying mum on the details. this...
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Dec 5, 2012
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that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly, carol. one thing that has been interesting with regard to john boehner's leadership of the republican conference, which certainly is very conservative and he has had to balance that with negotia
that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to...
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Dec 7, 2012
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john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not like raising the eligibility age for medicare. so there are other things that happen? can we scale back the generosity of the obama care subsidies? can we start means testing in additional ways in the medicare program? they have to get creative. >> they got it to get creative, zachary. this comes at the busiest time of the year for retailers and businesses. have you noticed any signs at this point that consumers are at all holding back this holiday season fearing we may go over the so-called fiscal cliff? >> there's a lot of news reports on consumers ho
john boehner has to let rates go up. i think that's right. whether or not it's to 37 or whether or not we raise the threshold from 250 to something like $500,000 at the point we call people rich, that's a possibility. i think the same thing exists on the entitlement side. there are things that president obama laid on the table in the summer of 2011 we keep talking about. democrats really do not like changes to the measure of inflation applied to social security benefits, and they really do not...
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Dec 8, 2012
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the president sends the treasury secretary, geithner, to boehner and to mcconnell. he pockets the $800 billion. he double ths it and says i want 1.6 trillion. he demand not only no spending cuts of any importance but increased stimulus in spending which is preposterous when you're running trillion dollar deficit. and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me your shirt? i want your trousers as well. the white house is not budging, and everybody's waiting, meaning the media, the administration are waiting for republicans to cave. >> look. i agree totally with you and their posture, their public posture appears that they're going that way. i'll give you a quick example. when john boehner started to answer the other day and he said well, our plan is to raise revenues on the rich, he was co opting barack obama's language and we read
the president sends the treasury secretary, geithner, to boehner and to mcconnell. he pockets the $800 billion. he double ths it and says i want 1.6 trillion. he demand not only no spending cuts of any importance but increased stimulus in spending which is preposterous when you're running trillion dollar deficit. and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter....
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speaker boehner's proposal, as i understand it, that went over to the white house the other day which they've pretty much called ridiculous offered the 800 billion in revenue, getting it from the same people. the rich people, but rather increasing the tax rates, what they were going to do is close some loopholes and deductions that apply only to the rich people, so that the rich were in effect paying $800 billion, increasing their actual tax, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all
speaker boehner's proposal, as i understand it, that went over to the white house the other day which they've pretty much called ridiculous offered the 800 billion in revenue, getting it from the same people. the rich people, but rather increasing the tax rates, what they were going to do is close some loopholes and deductions that apply only to the rich people, so that the rich were in effect paying $800 billion, increasing their actual tax, just not the tax rate. the president said no and...
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Dec 5, 2012
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we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key guys. he can only go so far. i would guess that they're the ones holding the pen when he wrote, "i will not raise rates" in that letter he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say
we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has, and eric cantor and a paul ryan problem, he's got to keep them on board as his key...
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Dec 11, 2012
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boehner's office said they're waiting for more details on spenting cuts. liz, why does it matter who gives what details first? what's the game here? >> well, i think what you're saying is whoever gives the details first, the other side is going to have an advantage to either position against those details. you know, the white house during health care debate, for example, was very -- it was, you know, step back and didn't give many details as to what they wanted to do because at the beginning because they didn't want to target on their back. i think this is almost a game of chicken right now. the problem is it's a game of chicken with very, very high stakes. and you've got the white house out there, you know, publicly putting pressure on republicans by sending obama, for example, to michigan but gamt trying to negotiate behind the scenes with boehner. and it's a two-prong strategy that i think carries real risk. >> it's kind of negotiation 101. i mean, the most basic kind of negotiation, you know, don't show your hand if you don't have to. i'm wondering, ma
boehner's office said they're waiting for more details on spenting cuts. liz, why does it matter who gives what details first? what's the game here? >> well, i think what you're saying is whoever gives the details first, the other side is going to have an advantage to either position against those details. you know, the white house during health care debate, for example, was very -- it was, you know, step back and didn't give many details as to what they wanted to do because at the...
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Dec 12, 2012
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with speaker boehner. that reflects his strength. boehner will condition to stand strong as long as he has their support. >> whatever deal he cuts, he will have 80 or 90. >> at the end of the day, yeah. if he agrees to it. that's the thing. you can imagine there will be a lot of pull from a lot of different sides on this within the condition conference. some of these guys are behind him on a lot of things and the conserfative pieces of the coalition there were not going along. there is a long way to go. >> i want to get your takes on this. michigan is losing the fight and the democrats think they will win the political war. is that all they got? you look at the history of the right to work, you never seem to be able to stop. >> it does have challenges. we are calling it right to work is a victory on the right. the michigan polls show this is a winner for people who with unions. the governors ratings are very mediocre. majority say that after they hear both sides, they are against right to work and 80% say
with speaker boehner. that reflects his strength. boehner will condition to stand strong as long as he has their support. >> whatever deal he cuts, he will have 80 or 90. >> at the end of the day, yeah. if he agrees to it. that's the thing. you can imagine there will be a lot of pull from a lot of different sides on this within the condition conference. some of these guys are behind him on a lot of things and the conserfative pieces of the coalition there were not going along. there...
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Dec 6, 2012
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and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health care provisions to extend the life of medicare, and then ran against it, as being something that was stealing money from medicare. so it's not even just a matter of putting those ideas on the table, but willing to be consistent about it. but i think what you see right now from the white house is a deadly seriousness about this balance of getting our fiscal house in order, but also making sure we make the investments in the middle class to grow, and they're looking for a partner here. they've got to have a partner who's willing to put some facts on the ta
and this is where boehner is running into trouble. do you think they'll eventually put a rate increase on the table? >> they're either going to do that or take us into a very dangerous fiscal situation over the cliff. this is a loosy in the football situation and the president says, i'm not going to kick again until you show me some serious commitment. and keep in mind, this is the republican leadership that supported the $718 billion of savings in medicare that was part of the health...
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it's magic beans and fairy dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting against party leadership in the past. but boehner finds himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for trying to move. the process along and getting to a point where hopefully we can have a real discussion. >> house democrats are cranking up the pressure. tim walsh of minnesota introduced a discharge petition on the middle class tax cuts in the house. if it gets 218 signatures, it would get a floor vote before the end of the month. >> this is an issue that we all agree on. >> democratic leader nancy pelosi announced a plan for the discharge petition last week. the petition keeps the focus on extending tax cuts for 98% of americans. i spoke to leader pelosi late this afternoon about the strategy and the latest de
it's magic beans and fairy dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting against party leadership in the past. but boehner finds himself in an increasingly weak position. senate minority leader mitch mcconnell refused to take a position on boehner's debt plan today. >> i have no particular observation other than i commend the house leadership for...
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Dec 7, 2012
12/12
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spoke to ed schultz last night and discussed what democrats are willing to give up if speaker john boehner accepts ending tax breaks for people making more than $250,000 a year. >> what the president has said is we need $1.6 trillion as part of an overall deficit reduction plan, because if you don't get those additional revenues, but you also try and reduce the deficit, you end up whacking everybody else much harder. and so, it's really important to have that revenue number as high as possible. >> sure. >> look, the president's already been clear, ed. on cuts, he will continue to implement over the next ten years over $1 trillion in cuts that he agreed to as part of the budget control act, 100% cuts. and at the time, he said we've got to come back and do revenue. he "life & style weeklalso call billion in cuts and laid out exactly what those should be. >> catch "the ed show" here at 8:00 p.m. eastern on msnbc, the place for politics. >>> well, new jersey governor chris christie is making a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid a
spoke to ed schultz last night and discussed what democrats are willing to give up if speaker john boehner accepts ending tax breaks for people making more than $250,000 a year. >> what the president has said is we need $1.6 trillion as part of an overall deficit reduction plan, because if you don't get those additional revenues, but you also try and reduce the deficit, you end up whacking everybody else much harder. and so, it's really important to have that revenue number as high as...
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Dec 11, 2012
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we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last several weebs as well as record levels, in fact. in term of the flat pr
we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move...
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Dec 13, 2012
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maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and get a hell of a lot more than the old rates under bill clinton. why not go to 42%? why not go to 45% for people who make over $10 million a year? i mean, do we really want to solve this? do we really want sacrifice? or do we just want to take our toe and put it in the lake and see if it's still cold out? come on, folks. these lawmakers in washington need some pressure put on them. we need to go higher than 39.6%. we need to go to at least 42% for the wealthiest americans making over a million dollars a year and tell bain their is the way it's going to be, o
maybe the democrats ought to tell john boehner, you know what? 39.6% looks pretty good right now, because after the first of the year we're going for 42%. make boehner come to the table, and make him come squealing to the table saying you can't go to 42%. oh, yes we can, because there is enough progressives in the house that would band together and say you know what? we need to go beyond, because we've got some real fiscal problems in this country. and we can go to the wealthiest americans and...